Ondo prices rise against the market, Wall Street tokenization bets work

ONDO price soared 27%: Institutional tokenization transactions and chart breakthroughs ignited market enthusiasm

Ondo price climbed from US$0.32 on July 15 to an intraday high of approximately US$0.42, an increase of 27%. Breakthroughs in institutional tokenization and key chart forms have significantly enhanced bullish sentiment around this RWA (real-world asset) token.

Overview of Market Performance

ONDO prices surged 27% from US$0.32, as institutional tokenization transactions and increased online activity attracted buyers. After the price broke through the downward channel, the upper targets were locked at $0.45 and $0.47. The clearing-intensive area is located near US$0.417, which may trigger a new round of short squeeze, while US$0.39 constitutes a key support level.

As of press time, ONDO's trading price was about US$0.41, an intraday increase of about 2%, and its market value was close to US$2 billion. In the past week, the token has outperformed Bitcoin and Ethereum, and money is pouring into crypto projects related to physical financial infrastructure.

Institutions collaborate to promote tokenization

Ondo Finance recently partnered with the Depository Trust and Clearing Corporation (DTCC) to explore the establishment of a tokenization model for securities held by Depository Trust Companies (DTCs). Related assets such as the SPDR S & P 500 ETF and Circle stocks can be tokenized using interests in securities within existing custody systems rather than relying on separate synthetic copies.

Ondo's institutional application scenarios also cover cross-border redemption cases completed with MasterCard, JPMorgan Kinexys and Ripple. The deal, announced in May, tested the redemption process of tokenized U.S. Treasuries between two banking networks, showing investors how regulated assets flow between blockchain and traditional payment systems.

At the same time, Ondo has expanded its tokenized stock platform to more than 440 assets, and its official website shows that related products have a total locked value of approximately US$1.05 billion. The company also launched a 24-hour minting and redemption service for tokenized shares in June, reducing its reliance on trading hours in the U.S. market.

Ondo's cooperation agreement with Japan's SBI Group adds a new source of demand to the RWA narrative. The two parties plan to explore the distribution of tokenized Japanese securities through the SBI network and use the yen stablecoin JPYSC for settlement.

Institutional transactions drive ONDO breakthrough

According to on-chain data cited by market analysis, the number of daily active addresses increased from 2589 on July 21 to approximately 3300 as prices approached US$0.40. This increase was accompanied by a sharp rise in trading volume, helping ONDO break through the downward channel that has dominated price movements since May.

Spot buying pushed cumulative volume spreads (CVD) back into positive range, and open interest in derivatives also rebounded from recent lows. These indicators show that new funds poured into both the spot and derivatives markets during the rise. However, the rapid rebound also forced traders holding short positions to close their positions when ONDO exceeded $0.39.

After failing to break through the same resistance level many times, investor sentiment has clearly turned optimistic. Analyst Michaël van de Poppe pointed out that the token briefly stepped back on US$0.34 and successfully confirmed support, and immediately launched its latest round of gains. "I think a quick step back on $0.34 this time and a quick test of resistance means that we will likely continue to rebound upward." He set $0.45 as the next potential target and believes that ONDO's strength may drive other RWA tokens higher. This view is consistent with the current spot structure, but the token needs to first absorb selling pressure in the US$0.41 to US$0.42 range.

The macro environment is also conducive to assets with clear institutional connections. Bitcoin is trading at about $66,000, while Ethereum is hovering around $1,930, with limited intraday gains. Investors are assessing commodity volatility and the next round of central bank decisions. ONDO's 27% increase during the week opened a gap between it and the lackluster blue-chip coins in the broader market.

ONDO prices need to stabilize at US$0.42 to challenge US$0.47.

The daily chart shows that ONDO finally broke through the downward channel that lasted for months after many failed attempts. Based on channel height calculations, the technical rise target is around US$0.472, an area that once constituted resistance in May. Momentum indicators support gains, but require that the closing price not be weak. The daily relative strength index (RSI) reached 69.18, close to the regular overbought threshold of 70, while its average was 53.89. The MACD line rose to 0.0130, above the signal line 0.0044, and the positive histogram has expanded to 0.0086.

On the 4-hour chart, ONDO has exceeded the Murray Math ultimate resistance level of $0.3906 and the overbought area of $0.4028. Prices are currently in the range of $0.4028 to $0.4150, where traders may take profits after a rapid rise. If buyers can ensure that the 4-hour closing price stays above $0.415, the next extended target is $0.4272.

Money flow remained positive, with a 4-hour Chaikin Money Flow (CMF) reading of 0.28. A positive value indicates that purchases exceed sales during a breakout period, but a break below $0.3906 will weaken the current pattern. Support below is at $0.3784 and $0.3662.

The 24-hour liquidation heat chart shows that the largest leveraged pool is concentrated around US$0.416 to US$0.417, slightly above the current price. Breaking through this dense area could trigger more short positions to liquidate, pushing ONDO to $0.42. Below the market, leveraged positions are mainly concentrated in the range of US$0.393 to US$0.390, with another dense area around US$0.389.

The daily closing price stands firm at US$0.42, which will open the channel for an upside of US$0.45 and a channel target of US$0.472. If the current resistance level is blocked, ONDO may fall back to US$0.39; a break below this level will expose US$0.378 support and delay the continuation of the rally.